This guide compares basic lease accounting with lease lifecycle automation, highlighting how automation improves compliance with ASC 842 and IFRS 16 while reducing costs and risks. Lease lifecycle automation centralizes data, standardizes lease vs. buy analysis, enables competitive procurement, automates contract and invoice processing, and ensures accurate asset tracking. It enhances decision-making through KPIs, automated workflows, and integration with ERP systems, reducing end-of-term overpayments, evergreen fees, and manual errors. Insightsoftware’s solution optimizes equipment and real estate lease management, improving cash flow, compliance, and operational efficiency.

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